First coat on today after making sure the panel was as flat and smooth as possible. Very pleased with it so far. I wish I had a buffing wheel, not sure I'd be safe with it though!
I've never done this before with bare wood, but I have transformed the wood in my Mercedes by flatting it back and repolishing the surface to a mirror shine, Very effective, I've done it loads and tried using a buffing mop on a drill, or just endless hand polishing. Both can get amazing results working with different polishes as it gets smoother. I suppose I might need to do that to this panel once I've applied a few coats.
I'll post a picture of the end result.
1964 Bentley S3